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DeFi & Ethereum News

Channel address: @defi_ethereum
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The latest Messages 24

2023-02-20 06:33:02
Arab World Crypto Adoption: Leading Bahrainian Hotel Accepts BTC Payments

Novotel Bahrain Al Dana Resort will supposedly become the first hotel in the Kingdom to embrace digital asset payments. Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.

According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in cryptocurrencies. The hotel will place specially designed terminals at its outlets to enable the offering via the Binance app. The Central Bank of Bahrain approved the move, making Novotel Bahrain Al Dana Resort the first in the nation where such a payment option is available. General Manager Amid Yazji commented.

Source

https://t.me/DeFi_Ethereum
155.8K views03:33
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2023-02-19 05:47:02
$FLOKI Has Increased By 520% Since The Beginning Of The Year And Is Now Listed On Kucoin

FLOKI
, Shiba Inu’s and Dogecoin’s potential rival continues to rise after being listed on a major exchange. FLOKI, a meme coin project that is considered a rival to Shiba Inu and Dogecoin, announced on February 15, 2023, that this token will be listed by Kucoin with trading pairs USDT and USDC.

Elon Musk drew attention again two days ago in a Twitter post when he uploaded a photo of a dog wearing a black shirt with the words CEO and joked that his dog is a great CEO. Twitter, and “better than some,” and prices for Dogecoin, Shiba Inu, and Floki all skyrocketed. Previously, at the end of January, after passing a proposal to burn more than 100 million dollars of this tokens on a cross-chain bridge to reduce transaction fees, the price of this meme coin increased by more than 100%.

Source

https://t.me/DeFi_Ethereum
883 views02:47
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2023-02-18 07:11:02
MultiversX Teams Up With Tencent To Bring Strong Technological Support For Web3

On
Thursday, MultiversX announced a partnership with Tencent Cloud to support the growth of the latter’s Web3 products. Tencent will make use of the network to roll out a range of blockchain-based goods. Tencent has already engaged in industries like gaming and audiovisual tech.

Tencent has created this new infrastructure layer at MultiversX. The first comprehensive solution capable of managing demand on a global scale at costs and scale similar to the internet while adding special features that bring about a major change in UX. MultiversX’s announcement of three important Metaverse products—xPortal, xFabric, and xWorlds—as well as Tencent Cloud’s dedication to the Web3.0 era and the Metaverse market have strengthened the already-existing synergies between the two companies.

Source

https://t.me/DeFi_Ethereum
118.7K views04:11
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2023-02-17 06:35:01
Web3 tooling startup Nefta raises seed round at $32.5 million valuation

Nefta
, a web3 infrastructure startup focused on gaming and entertainment sectors, raised $5 million in a seed funding round. Play Ventures led the round by injecting $2.5 million — the single largest investment from its Future Fund — Nefta said Wednesday.

Nefta is now valued at $32.5 million, founder and CEO Geeshan Willink told The Block. That's a 225% jump in its valuation in the last eight months. Nefta was valued at $10 million last June when it raised $1 million in pre-seed funding from Picus Capital, said Willink. That conversation went so well that we received a term sheet to follow in our seed round. Following this, we received the lead term sheet from Play Ventures," he said. Nefta then met more investors and closed the round in January.

Source

https://t.me/DeFi_Ethereum
138.8K views03:35
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2023-02-16 06:07:02
Render Network Will Regularly Unlock 12.6M RNDR In The First Half Of This Year

According
to the official blog, the Render Network Foundation has announced the distribution and unlocking of the RNDR token. Of the 42 million tokens in the distribution plan, 12.6 million RNDR will be unlocked regularly in the first six months of 2023.

Render Network said that when the RNP-001 proposal was proposed last year, the balance in the treasury wallet was RNDR 257 million, of which 107 million will be allocated to partners. About 42 million are still being held for storage and subsequent distribution. This 107M “By Partners” project note is entirely separate from the proposed 107M Emissions schedule to be managed by the Foundation. There is some confusion as these balances are similar, but this is just that moment and is random. 68 million has been distributed since the Release schedule waste was published.

Source

https://t.me/DeFi_Ethereum
153.4K views03:07
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2023-02-15 06:34:02
Former Jump Trading developers raise $19 million to build Monad blockchain

Monad
Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemniscap and Shima Capital, as well as angel investors, including Naval Ravikant, Cobie and Hasu, according to a Tuesday announcement.

The funding is a combination of two rounds — pre-seed worth $9 million raised in May 2022 and seed worth $10 million raised in December — Monad Labs co-founder and CEO Keone Hon told The Block in an interview. The funding effort was "really smooth" despite the bear market because investors are excited about Monad's vision of building an "extremely performant" blockchain, Hon said. Hon co-founded Monad Labs last year with his former Jump Trading colleague James Hunsaker as CTO.

Source

https://t.me/DeFi_Ethereum
127.7K views03:34
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2023-02-14 06:10:03
1inch Network: Introduced The Parser Incentive Program And Distributed 1.5 million INCH

According
to a project data update from DEX aggregator 1inch Network, 1,507,992 INCH tokens have been granted to the parser incentive plan, which is worth more than 800,000 USD at the current pricing. 1inch Network, a DEX aggregator, provided a project data update on February 12.

To date, 1inch Network reported that 1,507,992 INCH tokens have been granted to the parser incentive plan, amounting to more than $800,000 USD at the current pricing. The resolver incentive plan token distribution was initiated by 1inch Network at the end of January, with a total of 10 million INCH. Previously, the Network unveiled Fusion, a big upgrade centered on the 1inch Swap Engine. Combination is a unique fusion of current and emerging technology designed to improve the profitability and security of swaps done over the network.

Source

https://t.me/DeFi_Ethereum
125.2K views03:10
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2023-02-13 06:34:02
Tron Generated $48 Million in Revenue in Q4, 2022: Research

Messari
revealed that Tron’s financial results in Q4 outperformed those from Q3, while user transactions were also on the rise.According to figures provided by Messari, the decentralized digital platform – Tron – made a revenue of $47.9 million in the last quarter of 2022, a 25% increase compared to Q3.

In its most recent research, Messari outlined that 2022 has been a “rollercoaster” year for the cryptocurrency sector. Unfavorable macroeconomic conditions took their toll during the first months, while the crash of Terra in the spring intensified the problems. The failure of the once-prominent FTX added to the drama, causing a market crash and undermining the reputation of the industry. The Justin Sun-spearheaded platform generated almost $48 million in revenue during that period, 25% more than in Q3.

Source

https://t.me/DeFi_Ethereum
107.9K views03:34
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2023-02-12 06:35:04
Uniswap DAO Supports Deploying Uniswap V3 On BNB Chain

The final vote for the planned deployment of Uniswap v3 on the BNB Chain has been completed by Uniswap DAO. Andreessen Horowitz (a16z) voted against the proposal, deploying 15 million votes in the process. The deployment is expected to be executed after 14:08 UTC on February 12.voted in favor of the proposal.

The proposal to install Uniswap V3 on the BNB Chain was authorized by the Uniswap DAO through a vote. About 66% of the voting power voted in favor of the plan. Robert Leshner, the creator of Compound Finance, and ConsenSys, an Ethereum software company, both had significant voting influence and supported the motion. While this was going on, the titan of venture capital, Andreessen Horowitz (a16z), cast 15 million votes against the proposition. They promoted a bridge-neutral approach in its place. a16z, for its part, preferred LayerZero over Wormhole as the winner.

Source

https://t.me/DeFi_Ethereum
126.4K views03:35
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2023-02-11 06:12:02
Umami Finance token crashes by over 50% as CEO dumps holdings

Decentralized
finance protocol Umami Finance is in disarray as community members are unsure of the project’s future.Several members of the Umami team resigned in a move designed to push the project “back towards decentralization and a DAO structure,”.

The messages alleged that the protocol’s CEO Alex O’Donnell dumped his tokens on retail holders — blockchain security firm Peckshield confirmed this. On-chain data shows that the address allegedly belonging to the CEO dumped over 10,000 UMAMI tokens in the last 24 hours for thousands of dollars in several transactions. The dumpings led to the UMAMI token crashing by over 50% in the last 24 hours to as low as $4.56 from a high of $22, according to CoinMarketCap data.The token has slightly rounded to $15.38 as of press time.

Source

https://t.me/DeFi_Ethereum
136.5K views03:12
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